Film producer Weinstein Co.’s board fired co-founder Harvey Weinstein, who stepped away from the company last week after allegations of sexual harassment became public.
“In light of new information about misconduct by Harvey Weinstein that has emerged in the past few days” the board of directors has informed “Weinstein that his employment is terminated, effective immediately,” the company said in an emailed statement Sunday.
The board has the right to suspend or permanently banish Weinstein, who holds about a 23% equity stake in the company, with his brother and co-chief Bob Weinstein holding the same amount. The board controls the majority, and things haven’t exactly been smooth between them. Weinstein’s good friend, James Dolan, was a board member but left that post in 2016.